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Press Releases

 
Press Releases
  Date Title and Summary View
Nov 5, 2009
WEST PALM BEACH, Fla., Nov. 5, 2009 -- As a result of a $50.6 million one-time tax expense arising from the separation of Ocwen Solutions, Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported a net loss of $42.0 million or $0.51 per share for the three months ended September 2009. This compares to net income of $15.0...
Oct 19, 2009
WEST PALM BEACH, Fla., Oct. 19, 2009 -- Ocwen Financial Corporation (NYSE:OCN) will hold its conference call on Thursday, November 5, 2009 at 11:00 a.m. (ET) to review the Company's operating results. These events will follow Ocwen's 3rd Quarter 2009 earnings release. The press release will also be available on the Ocwen Financial Corporation S...
Oct 12, 2009
WASHINGTON and WEST PALM BEACH, Fla., Oct. 12, 2009 -- Almost half of the trial mortgage modifications converted to permanent modifications for distressed homeowners under the Treasury Department's Home Affordable Modification Program (HAMP) are attributable to Ocwen Loan Servicing, LLC, the principal subsidiary of Ocwen Financial Corporation (...
Oct 5, 2009
WASHINGTON, Oct. 5, 2009 -- Mortgage servicer Ocwen Financial Corporation (NYSE:OCN) convened more than 30 representatives of grassroots and national housing advocacy organizations to share success stories, new ideas and insights related to preventing foreclosures and helping homeowners. The roundtable discussion was geared, in part, to provide...
Aug 18, 2009
WEST PALM BEACH, Fla., Aug. 18, 2009 -- Ocwen Financial Corporation ("Ocwen") (NYSE:OCN), announced today the completion of its public offering of 32,200,000 shares of common stock, which includes 4,200,000 shares of common stock purchased by the underwriters pursuant to the full exercise of the over-allotment option. ...
Aug 14, 2009
WEST PALM BEACH, Fla., Aug. 14, 2009 -- Ocwen Financial Corporation ("Ocwen") (NYSE:OCN) today announced that the underwriters of its previously announced common stock offering exercised in full their over-allotment option on August 13, 2009. The exercise of the over-allotment option results in the issuance of an additional 4,200,000 shares of ...
Aug 13, 2009
WEST PALM BEACH, Fla., Aug. 13, 2009 -- Ocwen Financial Corporation ("Ocwen") (NYSE:OCN) today announced that yesterday evening it priced a public offering of 28,000,000 shares of common stock at a price per share of $9.00. In addition, Ocwen has granted the underwriters a 30-day option to purchase up to an additional 4,200,000 shares of common...
Aug 4, 2009
WEST PALM BEACH, Fla., Aug. 4, 2009 -- Ocwen Financial Corporation ("Ocwen") (NYSE:OCN) today announced a proposed public offering of common stock. Ocwen intends to offer, subject to market and other conditions, $250 million of its common stock. In connection...
Aug 4, 2009
WEST PALM BEACH, Fla., Aug. 4, 2009 -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported net income of $17.8 million or $0.26 per share for the three months ended June 2009. This compares to a net loss of $2.7 million or $0.04 per share for the second quarter of 2008. Net income significantly increased despite (i)...
Jul 30, 2009
WEST PALM BEACH, Fla., July 30, 2009 -- Ocwen Financial Corporation (NYSE:OCN), a leading servicer of subprime mortgages, supports the Obama administration's stepped-up effort to address the mortgage crisis through effective loan modifications. Ocwen was one of the first servicers to begin executing loan modifications under the Treasury Departm...
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